Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2065 W Obispo Ave Gilbert, AZ 85233
    Back to Search
    Property profile & analytics

    2065 W Obispo Ave Gilbert, AZ 85233

    View on Map
    • Industrial properties
    • 39,530 SF
    • 3.13 lot acres
    For Sale
    $12,000,000
    View Listing →
    Spacious Warehouse with Gated Yard For Sale
    $12,000,000
    55,345 SF

    Spacious Warehouse with Gated Yard

    Large warehouse with heavy power, A/C, and gated yard.

    2065 W Obispo Ave, Gilbert, AZ
    View Listing
    Property ID
    US07-1118701
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Enovasys LLC / (Bike/Boat/Book/etc) Store / Corporate Office
    • NeRD / Solar Energy Company / Roofing Contractor
    • Benson Charites Foundation / Charitable Organization
    • WeLink Communications – Phoenix / Telecommunications Service / Data Center
    • Benson / Security Service

    Property Details for 2065 W Obispo Ave

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    3.13 lot acres
    Property size
    39,530 SF
    Zone code
    LI
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    302-24-397
    APU
    30224397

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.834
    Latitude
    33.3634
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $65,470
    $0.00
    $0.00
    $1,352,340
    -
    $1,317,400
    $6,878,600
    $8,196,000

    Comparable in this City

    • Value Estimation
      $1,235,000
      6,243 SF

      1215 Acacia Dr

      INDUSTRIAL LOFT BUILDING • 6,243 SF
      1215 Acacia Dr, Gilbert, AZ 85233-1820
      View Details
    • Value Estimation
      $1,985,000
      10,063 SF

      755 Baseline Rd

      INDUSTRIAL LOFT BUILDING • 10,063 SF
      755 Baseline Rd, Gilbert, AZ 85233-1203
      View Details
    • Value Estimation
      $615,000
      3,120 SF

      743 Golden Key St

      INDUSTRIAL LOFT BUILDING • 3,120 SF
      743 Golden Key St, Gilbert, AZ 85233-3805
      View Details
    • Value Estimation
      $1,405,000
      7,120 SF

      1335 Hobson St

      INDUSTRIAL LOFT BUILDING • 7,120 SF
      1335 Hobson St, Gilbert, AZ 85233-1208
      View Details
    • Value Estimation
      $1,110,000
      5,618 SF

      1240 Mondel Dr

      INDUSTRIAL LOFT BUILDING • 5,618 SF
      1240 Mondel Dr, Gilbert, AZ 85233-1807
      View Details
    • Value Estimation
      $1,435,000
      7,268 SF

      1220 Mondel Dr

      INDUSTRIAL LOFT BUILDING • 7,268 SF
      1220 Mondel Dr, Gilbert, AZ 85233-1807
      View Details

    Similar Nearby for Sale

    • $959,000
      3,205 SF

      Industrial Condo in Gilbert, Arizona

      Industrial condo for sale, close to US-60 Freeway.
      925 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • $990,640
      3,248 SF

      Gilbert Industrial Condo For Sale

      Industrial condo available for sale in Gilbert, Arizona.
      925 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • $3,200,000
      11,424 SF

      Gilbert Warehouse with Leaseback Option

      11,424 SF warehouse in Gilbert, Arizona, for sale.
      105 N Pasadena St, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      13,672 SF

      Spacious Warehouse with Gated Yard

      Large warehouse with heavy power, A/C, and gated yard.
      2065 W Obispo Ave, Gilbert, AZ 85233
      View Details
    • $3,419,325
      17,535 SF

      Industrial Flex Property in Gilbert

      17,535 SF industrial flex property with convenient access to US-60.
      701 N Golden Key St, Gilbert, AZ 85233
      View Details
    • $3,260,000

      Industrial Warehouse with Yard Space

      Industrial warehouse with heavy office and yard space for sale.
      175 S Hamilton Pl, Gilbert, AZ 85233
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space For Lease

      Industrial spaces available for lease at Guadalupe & Neely.
      660/700 N Neely St, Gilbert, AZ 85233
      View Details
    • $1.30 SF/Yr

      Industrial Space Available for Lease

      Industrial property available for lease at Guadalupe & Neely St
      660 N Neely St, Gilbert, AZ 85233
      View Details
    • $1.40 SF/Yr

      Freestanding Industrial Building in Gilbert

      Industrial building for lease, located in Gilbert, Arizona.
      1315 N Marvin Ct, Gilbert, AZ 85233
      View Details
    • $1.40 SF/Yr

      1035 N McQueen Rd, Gilbert, AZ 85233

      Industrial properties
      1035 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • $1.40 SF/Yr

      Industrial Space For Lease

      Industrial property available for lease at Guadalupe & Stapley.
      511 W Guadalupe Rd, Gilbert, AZ 85233
      View Details
    • $1.40 SF/Yr

      Industrial Space For Lease

      Industrial property available for lease at Guadalupe & Stapley.
      511 W Guadalupe Rd, Gilbert, AZ 85233
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2065 W Obispo Ave
    Gilbert, AZ 85233
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2065 W Obispo Ave, Gilbert, AZ, 85233
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!